1 | P a g e THE CHARTERED INSTITUTE OF BANKERS OF NIGERIA MINUTES OF THE YEAR 2022 PRE-AGM RETREAT OF THE PRESIDENT/CHAIRMAN OF COUNCIL WITH CIBN STATE BRANCH EXECUTIVES DATE: Friday, April 8, 2022 TIME: 2.00 pm – 6.10 pm VENUE: Virtual (Zoom Platform) 1.0 ATTENDANCE PRESENT OFFICE HOLDERS 1. Dr. Bayo Olugbemi, FCIB - President/Chairman of Council 2. Ken Opara, Ph.D., FCIB - 1 st Vice President 3. Prof. Pius Olanrewaju, Ph.D., FCIB - 2 nd Vice President 4. Mr. Dele Alabi, FCIB - National Treasurer 5. ‘Seye Awojobi Ph.D., FCIB - Registrar/Chief Executive BRANCH REPRESENTATIVES 1. Mr. Michael Onyeka Ogbu, FCIB - Chairman, Abia State Branch 2. Mr. Akonye Chinazu, ACIB - General Secretary, Abia State Branch 3. Mrs. Hannah Aina, ACIB - General Secretary, Abuja FCT Branch 4. Prof. Uche Uwaleke, ACIB - Chairman, Abuja FCT Branch 5. Mr. Olalekan Oluwatosin, ACIB - General Secretary, Adamawa State Branch 6. Mr. Abdulrahman Anono - Chairman, Adamawa State Branch 7. Mr. Emmanuel Ikpe Michael, ACIB - Chairman, Akwa-Ibom State Branch 8. Mr. Emmanuel Olatunji, ACIB - General Secretary, Akwa-Ibom State Branch 9. Mr. Charles N. Ukoh, ACIB - General Secretary, Anambra State Branch 10. Sir. (Dr) Ifeanyi Nwanna, HCIB - Chairman, Anambra State Branch 11. Mrs. Tinuke Leye-Ishola, FCIB - Chairperson, APWB 12. Mrs. Rafiat Onitiri, ACIB - General Secretary, APWB 13. Mr. Stephen O. Okeke, ACIB - Chairman, Bayelsa State Branch 14. Mr. Ugochukwu Okonkwo - General Secretary, Bayelsa State Branch 15. Mr. Kabir Mohammed Baba - 1 st Vice Chairman, Bauchi State Branch 16. Mr. Umaru Ahmad - General Secretary, Bauchi State Branch 17. Mr. Emmanuel Abanyam, ACIB - Chairman, Benue State Branch 18. Mr. Simon Tyoakosu, ACIB - General Secretary, Benue State Branch
2 | P a g e 19. Mr. Saka Ganiyu, ACIB - Chairman, Borno State Branch 20. Mr. Ibanga Inyang, ACIB - Asst Secretary, Cross River State Branch 21. Mr. Michael Odere, ACIB - Chairman, Cross Rivers State 22. Mr. Augustine Olugu, ACIB - General Secretary, Cross River State Branch 23. Prince Ojakovo, Charles, HCIB - Chairman, Delta State Branch 24. Mrs. Moemeke, Scholastica E., ACIB - General Secretary, Delta State Branch 25. Dr. Livinus Onu, FCIB - Chairman, Ebonyi State Branch 26. Mr. Ezejitu Paul, MCIB - General Secretary, Ebonyi State Branch 27. Mr. Daniel Iyamu, MCIB - General Secretary, Edo State Branch 28. Mr. John Akindejoye, FCIB - Chairman, Ekiti State Branch 29. Mr. Albert Ilugbemi, FCIB - 1 st Vice Chairman, Ekiti State Branch 30. Mrs. Theresa Ejiofor, MCIB - General Secretary, Enugu State Branch 31. Dr. Iheanyi Nwogu, ACIB - Chairman, Enugu State Branch 32. Mr. Shehu Alhaji Goringo - Chairman, Gombe State Branch 33. Mr. Adamu Nuhu - General Secretary, Gombe State Branch 34. Mrs. Vivan Okafor, MCIB - General Secretary, Imo State Branch 35. Mr. Ibrahim Adam, ACIB - Chairman, Jigawa State Branch 36. Mr. Bazallahi Muhammad - General Secretary, Jigawa State Branch 37. Mr. Yusuf Gyallesu, MCIB - 1st Vice Chairman, Kaduna State Branch 38. Mr. Paul Egbunu, FCIB - General Secretary, Kaduna State Branch 39. Mr. Aliyu Wada-Nas, ACIB - Chairman, Kano State Branch 40. Mr. David Obasa - General Secretary, Kano State Branch 41. Mr. Mueez Abdulgafar - Secretary General, Katsina State Branch 42. Mr. Mustapha Ahmed, ACIB - Chairman, Katsina State Branch 43. Mr. Shehu Lukman Adam, FCIB - Chairman, Kwara State Branch 44. Mr. Ayodele Fatai Adebayo, ACIB, MCIB - General Secretary, Kwara State Branch 45. Mr. Peter Ashade, FCIB - Chairman, Lagos State Branch 46. Mr. Adekunle Adefuwa, FCIB - Coordinator, Lagos State Branch 47. Mr. Emmanuel Ojo, FCIB - Chairman, Nasarawa State Branch 48. Dr. Ekumankama Ogbuagu, HCIB - General Secretary, Nasarawa State Branch 49. Mr. Mas’ud Ibrahim Tulu - Chairman, Niger State Branch 50. Mr. Daniel Tsado, MCIB - General Secretary, Niger State Branch 51. Mr. Anthony N.A, ACIB - General Secretary, Ogun State Branch 52. Dr. Segun Oshadare, FCIB - Chairman, Ogun State Branch 53. Mrs. Omolola A.O, FCIB - General Secretary, Ondo State Branch 54. Mr. Felix Adewole, ACIB - Financial Secretary, Ondo State Branch 55. Mr. Sunday Sasona, FCIB - Chairman, Osun State Branch 56. Mr. Rotimi Ajani, ACIB - General Secretary, Osun State Branch 57. Mr. Taofik Omotoso, ACIB - Chairman, Oyo State Branch 58. Mr. Femi Adegbolagun, ACIB - General Secretary, Oyo State Branch 59. Mr. Matyek Mashor, ACIB - General Secretary, Plateau State Branch
3 | P a g e 60. Mr. Yusuf Duniya - Chairman, Plateau State Branch 61. Mr. Nkwachukwu Njoku, ACIB - Chairman, Rivers State Branch 62. Dr. Bridget Asuqou, ACIB - General Secretary, Rivers State Branch 63. Mr. Oluwakayode Adeboye, ACIB -- General Secretary, Sokoto State Branch 64. Mr.Haruna Mohammed - Treasurer, Sokoto State Branch 65. Mr. Emmanual Oladimeji - General Secretary, Taraba State B ranch 66. Mr. Nasiru Audu Baba, ACIB - Chairman, Taraba State Branch 67. Mr. Suleiman Alhaji Maidugu - 1 st Vice Chairman, Yobe State Branch 68. Ms. Mary Aina, ACIB - Chairman, Canada Branch 69. Mr. David Ajimati, ACIB - General Secretary Canada Branch 70. Mrs. Olabisi Okuyemi FCIB - Chairman, USA Branch 71. Alhaji Kazeem Busari FCIB - General Secretary USA Branch 72. Mr. Ben Anwuri, FCIB - Chairman, UK Branch 73. Mr. Longinus Anyanjo, FCIB - General Secretary UK Branch NATIONAL SECRETARIAT 1. Mr. Segun Shonubi, HCIB - Group Head, Capacity Building & Certification 2. Mr. Akin Morakinyo, HCIB - Group Head, Membership Services 3. Mr. Babatunde Apena - Group Head, Finance & Corporate Services 4. Mrs. Rita Adeyanju - Group Head, Legal & Council Affairs 5. Mr. Tolu Adeyemi, FCIB - Head, Ethics & Professionalism 6. Mr. Alphonsus Chiemenem, ACIB - Manager, Membership Services 7. Mrs. Linda Daniel, FCIB - Manager, CB&C 8. Mrs. Folake Akintayo - Deputy Manager, Membership Services 9. Mrs. Modupe Oyeniyi - Head, Finance 10. Mrs. Olaoluwa Oyenola - Head, Strategy 11. Mrs. Damilola Odule-Ayokanmi - Executive Assistant to RCE 12. Mrs. Adedamola Ehigiator - Officer 1, Membership Services ZONAL OFFICES 1. Mr. Mohammed Bakari - Zonal Coordinator, Northwest 2. Mrs. Maria Nwagboso-Kalu - Zonal Coordinator, Southeast 3. Mr. Richard Ayika - National Secretariat Annex, Abuja 4. Mr. Usman Mohammed - Zonal Coordinator, Northeast 5. Mr. Oladimeji Durojaiye, MCIB - Zonal Coordinator, Southwest 6. Mrs. Chinenye Onwuka - Zonal Coordinator, South South APOLOGIES 1. Mr. Rogers Nwoke, HCIB - Chairman, Imo State
4 | P a g e 2.0 COMMENCEMENT The meeting was called to order at 2.00 pm by the President/Chairman of Council, Dr. Bayo Olugbemi, FCIB. The opening prayer was said by the Chairman UK Branch, Mr. Ben Anwuri, FCIB. 3.0 OPENING REMARKS BY THE PRESIDENT/CHAIRMAN OF COUNCIL The President/Chairman of Council, Dr. Bayo Olugbemi in his opening remarks thanked God for the opportunity given to him to serve and for what he had achieved in the year 2021, especially within the last few months concerning the legacy projects. He mentioned that the renovation and commissioning of the Abuja Bankers House was a landmark achievement. He noted that it had been a very eventful year leading the Governing Council of the Institute. He appreciated all the stakeholders, Council Members, Fellows, Associates, Honorary Senior Members, other members, all Branches and Chapters, Management and Staff for their support. He appreciated the branch Chairmen who had been holding forth at the grassroots level for their various efforts. He stated that he might not have achieved all he desired at the national, zonal, branch and grassroots levels without the support of the Almighty God who enabled them. 4.0 READING AND ADOPTION OF THE MINUTES OF THE MEETING OF FRIDAY MAY 8, 2021 The minutes of the meeting of Friday, May 8, 2021, were read and adopted on the motion moved by Dr. Longinus Ayanjo, FCIB and seconded by Dr. Lukman Adams, FCIB subject to the following amendments: ➢ Page 1, under attendance: the representatives from UK and Canada branches should be added as they were present. ➢ Item 9.0 Under Landed Property: “which will be known” to replace “which to be known’’. ➢ Item 10.0 Under Abia State Report: “New students’ registration” to replace “New student registration” “New ACIB ‘s’” to be replaced with “New ACIBs” 5.0 MATTERS ARISING FROM THE MINUTES OF THE MEETING OF FRIDAY MAY 8, 2021 The Director, Membership Services, Mr. Akin Morakinyo, HCIB provided updates on the Matters Arising from the meeting of Friday, May 8, 2021, as follows: SN MATTERS ARISING UPDATE 1. The Institute was implored to improve on its presence on the digital space as this is the main hub where youths and potential members can be sourced. The Institute improved its activities in the digital space. Below were some of the improvements effected within the year: • Digitization of Election Application Process • Digitalization of CIBN Library • Digitization of Question Setting Process • Upgrade of CIBN Mentoring Platform • Upgrade of CIBN Banking and Finance Conference website
5 | P a g e • Design and deployment of Digital Membership ID Card Etc. 2. Request from International Branches The international Branches Requested the National Secretariat to involve the foreign branches when drawing up their KPIs stating that the reality in the foreign branches was different from that of the local branches. The Governing Council had approved the reviewed KPI of the Institute’s international branches based on the recommendation of the Membership Development and Services Committee. The reviewed KPI had been implemented and it formed the basis for the assessment of the foreign Branches in year 2022. 6.0 PRESENTATION OF THE REPORTS OF THE NATIONAL TREASURER AND THE REGISTRAR/CHIEF EXECUTIVE a) HIGHLIGHTS OF REGISTRAR/CHIEF EXECUTIVE REPORT The following were some of the reports highlighted by the Registrar/Chief Executive during his presentation: • There was an increase in the Individual membership registration from 144,922 to 149,967 which represented a 3.5% increase over the previous year. • One (1) Deposit Money Bank and Twenty-four (24) Microfinance Banks were registered as corporate members of the Institute. • Also, he highlighted that attendance of members at the Institutes statutory programmes were encouraging as revealed in the attendance of the 14th Annual Banking & Finance Conference, the 56th Annual Bankers. • He also mentioned the engagement of top management staff as recommended for the restructuring of the Institute. • Subject matter experts had been commissioned to develop study packs for Twenty (20) of the professional banking examination courses. • The Institute had planned an accelerated development of its physical infrastructure across the country, some would be for fencing and renovation. b) HIGHLIGHTS OF NATIONAL TREASURER REPORT The following were some of the information highlighted by the National Treasurer during his presentation: • The Institute’s net asset amounted to N6.21 billion as of December 31, 2021, which resulted to a 10.4% increase from the previous year of N5.63 billion. • The Institute recorded a net operating surplus of N800.14 million before impairment and amortization compared to the year 2020 result of N570.27 million.
6 | P a g e • He added that the growth in the surplus was primarily because of the innovations deployed in the execution of the Institute’s programmes and the continuing goodwill received from various Institutions supporting the Institute’s activities. • The total revenue generated for the year ended 31st December 2021, increased to N1.76 billion from the N1.47 billion recorded in year 2020 resulting in an increase of 19.73%. 6.1 COMMENTS & OBSERVATIONS ON THE REPORTS OF THE REGISTRAR/CHIEF EXECUTIVE & THE NATIONAL TREASURER After the presentation by the Registrar/Chief Executive and the National Treasurer, the following comments and observations were made by members: Mr. Peter Ashade, Chairman, CIBN Lagos State Branch applauded the President/Chairman of Council, the Office Holders, Council Members, Management and Staff of the Institute for the great achievements recorded during the year under review. He appreciated the Office Holders and the Executive Management for their tenacity, sacrifice, commitment, and dedication in achieving the milestones given the severe economic challenges occasioned by the pandemic. He added that the achievements were enormous and had lifted the bar of the Institute to the next level. He went further to appreciate the Council members and the State branches for their contributions to the successes recorded. Dr. Livinus Onu, Ebonyi State Chairman commended the Registrar/Chief Executive for the quality and detailed reports presented. This he commended as worthy of emulation and encouragement to branches and members at large to continue to promote the values of the Institute. Mrs. Okuyemi Olabisi, USA Branch also commended the Registrar's report as interesting and captivating. She appreciated and commended the unprecedented support received from the National Secretariat. On behalf of the Branch Executives and members, she appreciated the good job done at the National Secretariat and assured members that the branch would continue to propagate the importance of the Institute all over the United States and all members in the diaspora by engaging them and showcasing the Institute. She looked forward to seeing the President/Chairman of Council in August 2022 during the branch Conference. Mr. Sunday Sasona, Osun State branch joined others to congratulate the President/Chairman of Council and his team for the wonderful achievements made as read by the Registrar/Chief Executive. He asked the following questions: i) What had been done in making study packs available for students to prepare for their examinations especially now that a new syllabus had commenced? ii) He commended the restructuring of the National Secretariat and the new hands brought in. He enquired to know how the advertisement and employment exercise were conducted because he believed that members should have been allowed to know about the vacancies and take advantage of them. He believed that many of the members were proficient in other areas/professions other than finance and banking.
7 | P a g e Mr. Ben Anwuri – requested clarification on the branch award as mentioned by the Registrar and enquired to know the process for the branch awards. He asked whether the national and international branches are graded on the same factors or if there were distinctions between the two. Mr. Adamu Nuhu – Congratulated the Office Holders for their achievements and commended the branches for their wonderful presentation. he said that the Gombe state branch would continue to do its best and also solicited encouragement from the National Secretariat to further motivate them to achieve more. Mr. Mueez Gafar – Commended the President/Chairman of Council for the timely payment of the branch subvention which had been sustained to date. This he said would enable the branches to do more in their activities. He thereafter suggested that the branch awards should be regionalized so that upcoming branches could be graded in different buckets to encourage/motivate them. He mentioned that the Lagos State branch had been there for a long time and collected all the awards. RESPONSE: The President/Chairman of Council in his response stated that there were different categories of awards which other state branches received unlike before when it was only one. The Lagos branch only received the overall best branch award, while other branches won the other categories of the awards according to their performances. He encouraged the upcoming branches to try to get the requisite criteria for the different awards and work towards winning them. The Financial Secretary of Ondo State Branch, Mr. Felix Adewole, ACIB who represented the branch Chairman - Commended the Secretariat for their good work and the efforts made to pay for the land purchased for the branch and processing of the land C of O. He pleaded for the immediate development of the land to avoid revocation from the Government. RESPONSE: The President encouraged the branch members to raise money to erect at least a lock-up shop as suggested on the land to secure it. He added that it was not compulsory to buy and build for every branch and that the responsibilities should not be left 100% to National Secretariat. He said that fencing was part of the development, and the National Secretariat had done much. He encouraged the branch to make efforts and raise funds for the development of the land. Dr. Segun Oshadare, FCIB - Appreciated the Governing Council for all they had done for the branches and his state branch. He promised to look inward on how to develop the land that was duly paid for by the National Secretariat for the State branch. However, he raised an issue on the Induction and Investiture programmes and requested that the forms be redesigned to include the branches where the prospective inductees/investees came from, so the National Secretariat could circulate the list of the new inductees to the branches for follow-up. Response: The President said that this could be done and that the past inductees/investees could be retrieved from the archive and circulated to branches for follow-up. Response from Registrar/Chief Executive
8 | P a g e 1. Redesign of the Induction/Investiture form to reflect branches where various prospective Inductees/Investees came from. The Registrar/Chief Executive appreciated the idea and added that: a) The forms would be redesigned within 72 hours. b) Before the next induction, the National Secretariat will review the database, get contacts of all members from all the States and circulate to all branches (inclusive of their contact numbers and email addresses) to enable branches to generate correspondence for the members forthwith. Also, the list of Fellows, Honorary Senior Members as well as student members from various States branches would be circulated. 2. The development of the purchased lands. The Registrar/Chief Executive stated that threat should not be taken as an issue, but the branch should make efforts to solicit for support from the banks in the state and start something before seeking the support from the National Secretariat. He added that the branch should not only focus on building blocks rather emphasis should be made on building capacity. 3. Study Packs Issue. The Registrar/Chief Executive promised to address the issue and review the current approach to the production of the study packs in line with e-learning dictates. He stated that the Institute just restructured the e-learning department and would take up the current challenge on how to upload the study packs and make them available for the students. He informed the meeting that the Institute had witnessed a lot of disappointment from the people it engaged and had to exercise caution in the last three (3) diets in the production of study packs. He, therefore, urged members of the academia to come up and identify the areas of speciality in the development of the study packs. 4. Staff restructuring – The recruitment was conducted by KPMG and was widely advertised. The Institute decided to engage an external and reputable Consulting firm, KPMG to avoid internal/external influence while sourcing for the best hands. The restructuring had also been reported in the various meetings of the Institute e.g., Office Holders meetings, Council meetings, and Branch meetings in the last two years. He emphasized that Members had never been neglected as they were always engaged to serve at different levels even in more enduring roles beyond being a staff. There were some units in the Institute that were beyond membership he affirmed. 5. Branch Awards - All branches are under the same metrics of KPIs for the various awards. This is the reason why branches were involved in the setting of KPIs and thus formed the basis for the assessment of the branch’s performances and awards. As promised, Management would send a proposal for the international branches awards same which would go through the appropriate organs of governance for consideration and approval before implementation. 6. Payment of subvention: The Registrar/Chief Executive reiterated that not all the branches qualify for the 100% subvention payment and advised branches on the need for improvement to earn the full subvention. He encouraged branches to continue to add value and function efficiently and effectively, just as National Secretariat would be ready to collaborate with any of the branches.
9 | P a g e • Mr. Ben Anwuri, UK Branch: On the non-performance of the subsidiaries and the loss recorded in the previous year. He requested to know if there were improvements in the losses made by the subsidiaries from the previous years. Response: The Registrar/Chief Executive stated that was an improvement from CIBN Press but none was recorded for the CIBNCFS and Bookshop. He added that there was no significant improvement because the CIBNCFS and the Bookshop losses went deeper within the year under review. He informed members that a new director would be engaged to turn around the current financial position of CIBNCFS. • Mrs. Olabisi Okuyemi - Suggested that the CIBN Press could be a good avenue to make revenue for the Institute if they increase their marketing scope to particularly members, banks and the government. Response – President/Chairman of Council: The major setback from the press as noted during its AGM was the lack of modern equipment/machinery to run a modern press. The press had not been well equipped enough to run a commercial business. Though they had been doing well especially when the Institute needed to produce some items. The decision was for the Press to go back to its Board/Shareholders to raise funds or it would be shut down. • Response – National Treasurer: Stated the business model of press had changed over the years. Most of the customers/consumers no longer deal with physical copies but digital. He added that the Board of CIBN Press may request the Institute to come up with a feasibility study of how much investment would be required to move the Press from physical to digital, the cost-benefit analysis and returns on investment to be generated would be required before a decision would be taken. 7.0 REPORT FROM BRANCHES The reports from the following branches were considered and adopted. 1. Abia State c) Adamawa State d) Akwa-Ibom State e) APBN f) Anambra State g) Bauch State h) Bayelsa State i) Borno State j) Cross River State k) Delta State l) Ebonyi State m) Edo State n) Ekiti State o) Enugu State p) FCT q) Gombe State r) Imo State s) Jigawa State t) Kaduna State u) Kano State v) Katsina State w) Kwara State x) Lagos State y) Ogun State z) Ondo State aa) Osun State bb) Oyo State cc) Rivers State dd) Sokoto State ee) Taraba State ff) Yobe State gg) Canada hh) United Kingdom ii) United States of America
10 | P a g e 8.0 Any Other Business: Nil 9.0 CLOSING REMARKS The Registrar/CEO appreciated the President/Chairman of Council, members of EXCO and the branch Chairmen for their commitments. He apologized to the Chairman, UK branch for the late invitation and encouraged members to participate during the hybrid AGM scheduled for 11:00 am on April 9, 2022. He further urged all the branch representatives to encourage their eligible members to cast their votes as the election platform was open until midnight. The President/ Chairman of Council in his closing remarks confirmed that he had voted, and he encouraged other members to do so. 10.0 ADJOURNMENT In the absence of any other business on the agenda, the motion to adjourn the Pre-AGM was moved by Mr. Paul Egbunu, FCIB and seconded by Mr. Olugu Agustine, ACIB. 11.0 CLOSURE OF THE MEETING The meeting closed at exactly 6:10 pm with a closing prayer said by Mr. Ben Anwuri, ACIB.